Does anyone here know anything about real estate negotiations?
I talked to someone about a property for a restaurant. The land and building are $600,000, give or take. So I agreed to meet him next week and "hammer out a plan" for the lot.
I know absolutely nothing about these things and this guy sells property for a living. I'd like to come out of this with my shirt and shoes. The one thing going in my favor (2 actually) is I know he's been sitting on this for over a year and his last deal fell through. He also wants an inclusion to buy back the property in case an adjacent lot sells and the buyer wants this lot also (obviously we'll be compensated), but the back lot has bad visibility so I don't think that's a problem.
If anyone has any advice I'm willing to listen. And yes I'm serious.
I talked to someone about a property for a restaurant. The land and building are $600,000, give or take. So I agreed to meet him next week and "hammer out a plan" for the lot.
I know absolutely nothing about these things and this guy sells property for a living. I'd like to come out of this with my shirt and shoes. The one thing going in my favor (2 actually) is I know he's been sitting on this for over a year and his last deal fell through. He also wants an inclusion to buy back the property in case an adjacent lot sells and the buyer wants this lot also (obviously we'll be compensated), but the back lot has bad visibility so I don't think that's a problem.
If anyone has any advice I'm willing to listen. And yes I'm serious.
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